Golub Group LLC Has $2.66 Million Holdings in Mcdonald’s Corp (NYSE:MCD)

Golub Group LLC raised its holdings in shares of Mcdonald’s Corp (NYSE:MCD) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,367 shares of the fast-food giant’s stock after purchasing an additional 526 shares during the period. Golub Group LLC’s holdings in Mcdonald’s were worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Mcdonald’s by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 66,926,245 shares of the fast-food giant’s stock valued at $13,897,903,000 after purchasing an additional 857,084 shares during the period. BlackRock Inc. increased its stake in shares of Mcdonald’s by 1.1% in the 2nd quarter. BlackRock Inc. now owns 50,805,829 shares of the fast-food giant’s stock valued at $10,550,339,000 after acquiring an additional 545,903 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mcdonald’s by 11.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,562,216 shares of the fast-food giant’s stock valued at $3,439,309,000 after acquiring an additional 1,640,747 shares during the last quarter. Morgan Stanley increased its stake in shares of Mcdonald’s by 7.0% in the 2nd quarter. Morgan Stanley now owns 6,127,745 shares of the fast-food giant’s stock valued at $1,272,485,000 after acquiring an additional 402,857 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Mcdonald’s by 2,674.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,707,504 shares of the fast-food giant’s stock valued at $1,185,221,000 after acquiring an additional 5,501,809 shares during the last quarter. Institutional investors own 67.91% of the company’s stock.

A number of brokerages have recently commented on MCD. KeyCorp lowered their price target on Mcdonald’s from $235.00 to $225.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Co lowered their price target on Mcdonald’s from $235.00 to $222.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. UBS Group lowered their price target on Mcdonald’s from $218.00 to $212.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. TheStreet raised Mcdonald’s from a “c+” rating to a “b-” rating in a research note on Monday, August 26th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Mcdonald’s in a research note on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $222.96.

In other Mcdonald’s news, Director John J. Mulligan purchased 1,300 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of $193.46 per share, with a total value of $251,498.00. Following the purchase, the director now directly owns 2,900 shares of the company’s stock, valued at $561,034. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Catherine A. Hoovel sold 457 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.15, for a total transaction of $99,694.55. Following the transaction, the vice president now directly owns 1,348 shares of the company’s stock, valued at $294,066.20. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

NYSE MCD traded up $0.53 during trading hours on Friday, reaching $193.61. 3,457,071 shares of the company’s stock were exchanged, compared to its average volume of 3,371,192. The company’s 50-day moving average is $204.71 and its two-hundred day moving average is $207.29. Mcdonald’s Corp has a one year low of $169.04 and a one year high of $221.93. The company has a market capitalization of $144.73 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 3.04 and a beta of 0.48.

Mcdonald’s (NYSE:MCD) last posted its earnings results on Tuesday, October 22nd. The fast-food giant reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.10). Mcdonald’s had a negative return on equity of 85.71% and a net margin of 28.09%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the company posted $2.10 earnings per share. Mcdonald’s’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts predict that Mcdonald’s Corp will post 7.87 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.25 per share. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.16. This represents a $5.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, November 29th. Mcdonald’s’s dividend payout ratio (DPR) is currently 58.73%.

Mcdonald’s Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2018, the company operated 37,855 restaurants, including 35,085 franchised restaurants comprising 21,685 franchised to conventional franchisees, 7,225 licensed to developmental licensees, and 6,175 licensed to foreign affiliates; and 2,770 company-operated restaurants.

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Institutional Ownership by Quarter for Mcdonald`s (NYSE:MCD)

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